Drilling commences at Beaufield project
Drilling started recently on Beaufield Resources’ joint venture property in the Lac Barry-Macho River area of Quebec. Joint venture partner Falconbridge Ltd. reports that two drills are currently work…
1987
States picks up PGM bet in Que
Toronto-based States Exploration has acquired two platinum group element (pgm) properties near Baie Comeau, Que. The ground covers a major structure at the contact between the southern extension of th…
Norex amalgamation (August 10, 1987)
Consolidated Norex Resources plans to amalgamate with its 100%-owned affiliate Triweb Resources. The former name will remain. The proposed effective date of amalgamation is Aug 31. The deal remains su…
First platinum and palladium available next week, Stillwater
The first platinum and palladium sponge produced from the Stillwater Mining mine’s sulphide concentrates will be available to sell on the open market in about a week. It was produced by the Metallurgi…
COATS Trading Features (August 10, 1987)
Additional drill results look good from Card Lake Resources’ gold play in Harker Twp, Ont. A 12.5-ft section assayed 0.235 oz gold per ton. The property is located two miles west of the Holt-McDermott…
Metal Prices PRODUCER PRICES (August 10, 1987)
ALUMINUM: MW U.S. Market 76.50 cents -79.50 cents per lb. (July 30, 1987). ANTIMONY: New York dealer $1.06-$1.12 per lb. (July 30, 1987). BISMUTH: New York dealer $3.35-$3.55 per lb. (July 30, 1987). …
Ruttan mine deal closed by Hudbay
Hudson Bay Mining and Smelting has completed the purchase of the Ruttan copper mine from Sherritt Gordon Mines. The mine is located at Leaf Rapids, Man. Terms of the purchase were not disclosed.
Equity 6-month net hits 19 cents per share
Equity Silver Mines reports net earnings of $5.5 million or 19 cents per share in the first half compared to $921,000 a year ago. Anthony J. Petrina, president, said the purchase and delivery to Plac…
Duration to drill Norton Lake play
Reconnaissance exploration on Duration Mines Norton Lake property in Ontario has outlined several gold targets, the company says. Locator Explorations is a joint venture partner on the property. Drill…
Cease Trading Orders
The following is a list of outstanding cease trading orders issued by the Ontario Securities Commission from Jan 1 to June 30: Aubet Resources (5/14/87) Bearcat Explorations (5/14/87) Benvan Holdings …
Nordac discovers a new gold zone
Discovery of a new zone of gold mineralization has resulted from initial trench sampling on the Revenue Creek property in British Columbia, according to Nordac Mining Corp. and Rexford Minerals. The n…
Naneco funds for U.S. bet
Alberta-listed Naneco Resources has recently entered into an agreement with underwriter Richardson Greenshields of Canada for the public distribution to a common share equity financing of up to $15 mi…